All IPE articles in July 2006 (Magazine)
View all stories from this issue.
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Features
A noise about silence
The much delayed reform of the pension system is finally due to be implemented at the beginning of 2008. Not a moment too soon. While the date has slipped continuously over the years the urgency for reform grows in sympathy, as the fortunes of the new generation of pension funds ...
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Features
ABP eyes non-listed sector amid short-termism
Europe’s largest pension fund, the Dutch civil service giant ABP, is planning to shift the accent of its investments to non-listed companies and real estate, says chief investment officer Roderick Munsters. The main reasons are the increasing short-term thinking within the listed sector, and the growing pressure of corporate governance ...
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Features
UCITS denied pensions access
There has been some progress made recently towards prising open the market for UCITS funds - repeatedly touted by the European Commission (EC) as one of the key investment vehicles for retirement savings - but for many market participants things have not gone far enough. Those advocating a tighter linkage ...
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Features
Address the fundamentals
If you ask the question why invest in emerging market equities, the answer is pretty straightforward: emerging market economies are going to be a much more significant part of the global economy in the future and growth rates are generally higher than developed countries. Jim O’Neil at Goldman Sachs estimates ...
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Features
Marè’s advice: hold your course
Italy is on the brink of dramatic changes to its pension fund market. Either the Maroni reform goes on and pension funds grow strongly, or the industry will face a new paralysis that will be detrimental to future retirees. A third way, which is going back to a very generous ...
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Features
Alternatives making a little headway
In Italy, investment rules for each pension fund differ according to what type of legal regime it falls into. The most recent funds, formed under the 1993 pensions law, cannot in general invest in alternatives – they can only do so via harmonised mutual funds linked to traditional asset classes. ...
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Special Report
Breaking down the barriers
While investor portfolios become more global investor knowledge on what their rights are as shareholders and how to exercise them in the cross-border context struggles to keep up – to put it mildly. Cue the new handbook from the Eurosif, Active Share Ownership in Europe. Eurosif notes that “the publication ...
